South Dakota Investment Council continued to hold its position in Alamo Group, Inc. (NYSE:ALG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,500 shares of the industrial products company’s stock at the end of the second quarter. South Dakota Investment Council’s holdings in Alamo Group were worth $227,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its position in shares of Alamo Group by 8.3% in the first quarter. Ameriprise Financial Inc. now owns 56,465 shares of the industrial products company’s stock valued at $4,302,000 after purchasing an additional 4,340 shares during the period. Great West Life Assurance Co. Can raised its position in shares of Alamo Group by 4.4% in the first quarter. Great West Life Assurance Co. Can now owns 12,474 shares of the industrial products company’s stock valued at $950,000 after purchasing an additional 523 shares during the period. BlackRock Inc. raised its position in shares of Alamo Group by 1,076.3% in the first quarter. BlackRock Inc. now owns 1,275,432 shares of the industrial products company’s stock valued at $97,174,000 after purchasing an additional 1,167,004 shares during the period. Stevens Capital Management LP bought a new position in shares of Alamo Group in the first quarter valued at approximately $207,000. Finally, TIAA CREF Investment Management LLC raised its position in shares of Alamo Group by 30.1% in the first quarter. TIAA CREF Investment Management LLC now owns 52,438 shares of the industrial products company’s stock valued at $3,995,000 after purchasing an additional 12,124 shares during the period. 90.30% of the stock is currently owned by institutional investors.

Alamo Group, Inc. (NYSE ALG) opened at 96.96 on Monday. The company’s 50-day moving average is $91.42 and its 200-day moving average is $85.17. Alamo Group, Inc. has a 12 month low of $58.30 and a 12 month high of $96.97. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 24.93 and a beta of 0.96.

Alamo Group (NYSE:ALG) last released its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $1.05 EPS for the quarter, meeting the consensus estimate of $1.05. The company had revenue of $213.28 million during the quarter, compared to the consensus estimate of $217.90 million. Alamo Group had a return on equity of 11.78% and a net margin of 5.32%. On average, equities research analysts anticipate that Alamo Group, Inc. will post $4.21 earnings per share for the current year.

A number of research firms have recently commented on ALG. Zacks Investment Research raised shares of Alamo Group from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a research report on Friday. BidaskClub lowered shares of Alamo Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Piper Jaffray Companies reissued a “buy” rating and issued a $90.00 price target on shares of Alamo Group in a research report on Friday, July 14th. Finally, ValuEngine raised shares of Alamo Group from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $96.67.

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In other Alamo Group news, EVP Richard Hodges Raborn sold 364 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $92.19, for a total transaction of $33,557.16. Following the completion of the sale, the executive vice president now owns 4,500 shares of the company’s stock, valued at approximately $414,855. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.99% of the company’s stock.

About Alamo Group

Alamo Group Inc is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket.

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Institutional Ownership by Quarter for Alamo Group (NYSE:ALG)

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